Requesting for a surrender or cancellation of a policy in order to receive the fee and having the policy expire may not be the best solution. According to the policy conditions, the insured can still have various privileges
The amount of premiums paid per period decreases by 6-month, 3-month, or monthly, the policy will continue to be effective without surrendering the policy. Details of changes in the premium payment period.
Required documents :
1.Request form to change policy details
2.Copy of ID card (with certified true copy)
Processing time : No more than 3-7 days from the date the company receives all the documents. Should change the payment period within the waiver period for payment of premiums 31 days.
Remark : Contact your service agent or company staff for the new premium amount and give advice on how to change the premium payment period.
The maximum loan amount is not more than 90% of the surrender value. The policy will still be in effect. Click to see details of Policy Loan.
It is an option to postpone paying premiums while still having the coverage of the main contract with the same amount of insurance. But the period may be shorter or may be covered until the contract expires depending on the policy year in which the premiums are paid. While the additional contract will terminate the coverage of the actionable policy. The company must guarantee the standard premium rate operated by
Required documents :
1.Request form to change extended term insurance , Click to download Request form
2.Life insurance policy
3. Copy of ID card (with certified true copy)
Processing time : No more than 3-7 days from the date the company receives all the documents. Will proceed during the payment period within the waiver period.
Remark : Must be a policy that the company guarantees at the standard premium rate (Standard).
It is an option to postpone paying premiums while maintaining the coverage of the main contract until maturity with the amount of insurance that is reduced or may be the same depending on the policy year in which premiums are paid. While the additional contract will be terminated by
Required documents :
1.Request form to reduced paid up , Click to download Request form
2.Life insurance policy
3. Copy of ID card (with certified true copy)
Processing time : No more than 3-7 days from the date the company receives all the documents. Will proceed during the payment period within the waiver period.
If considering the above privileges and you think that surrender or cancellation of the policy is the solution, please consider the OIC's advice for policy expropriation.
- Life insurance policy
- Policy surrender form. Click to download
- Copy of ID card (with certified true copy)
Contact the service agent to facilitate you or submit the documents in person at the head office or the company branch. Processing time is no more than 3-7 days from the date the company receives all the documents.
Tips: Receiving money via bank transfer will get paid faster. Please attach a copy of the first page of the bank account containing the account number and account name (with certified true copy).
